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Company Halfords Group PLC
TIDM HFD
Headline

Director/PDMR Shareholding

Released 12:00 11-Feb-2013
Number 5936X12

RNS Number : 5936X
Halfords Group PLC
11 February 2013
 



HALFORDS GROUP PLC

Award of Options under Halfords Group plc Co-Investment Plan 2012

 

 

As previous announced on 3 October 2012, on appointment to the role of CEO of Halfords Group plc, Matt Davies, (the "participant") was invited to invest £500,000 into a five-year Co-Investment Plan ("CIP").  Under the CIP, the participant can earn a Matching Share award equivalent to a maximum of 3.5 times his investment based on the achievement of performance targets.

 

As previously announced, the participant acquired, on the open market, 164,056 shares on 4 October 2012 at a price of £302.22.

 

On 28 January 2013 a Matching Share award of 574,196 ordinary shares has been made to the participant (being 3.5x his investment). This award is granted in accordance with Listing Rule 9.4.2.

 

Subject to continued employment these shares may vest up to a third in November 2015, up to two thirds in November 2016 and in full in November 2017, depending on the following Threshold (30% vesting) and Maximum (100% vesting) share price performance of Halfords:

 

November             Threshold             Maximum

2015                       350p                       400p

2016                       385p                       440p

2017                       425p                       485p

 

 

ALEX HENDERSON

GROUP COMPANY SECRETARY

01527 - 513025

 

 

 

 

 

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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Director/PDMR Shareholding - RNS